Invitation Home (NYSE:INVH) Upgraded by JPMorgan Chase & Co. to Overweight Rating

Key Points

• Invitation Home (NYSE: INVH) has been upgraded to an "overweight" rating by JPMorgan Chase & Co., with a target price of $38.00, indicating a potential upside of 33.61% from its current price.
• Although JPMorgan has taken a positive stance, other firms such as Wells Fargo and Scotiabank have recently lowered their price targets for the stock.
• Invitation Home's most recent earnings report showed a net margin of 20.36% with a year-over-year revenue increase of 4.3%, and a forecasted EPS for FY 2025 between 1.880-1.940.

Invitation Home (NYSE:INVH - Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has a $38.00 target price on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 33.61% from the stock's current price.

Several other research firms also recently issued reports on INVH. Wells Fargo & Company dropped their price objective on Invitation Home from $33.00 to $31.00 and set an "equal weight" rating on the stock in a report on Monday. Scotiabank dropped their price objective on Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a report on Thursday, August 28th. Keefe, Bruyette & Woods dropped their price objective on Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of Invitation Home in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price objective on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, Invitation Home currently has an average rating of "Moderate Buy" and an average target price of $36.34.

Invitation Home Stock Performance

Shares of NYSE:INVH opened at $28.44 on Friday. The company has a market cap of $17.43 billion, a P/E ratio of 32.32, a PEG ratio of 2.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a one year low of $27.71 and a one year high of $35.80. The business's 50-day simple moving average is $29.72 and its 200 day simple moving average is $31.87.

Invitation Home (NYSE:INVH - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Invitation Home had a return on equity of 5.56% and a net margin of 20.36%.The business had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same period last year, the business posted $0.47 EPS. The company's revenue was up 4.3% on a year-over-year basis. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, sell-side analysts forecast that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INVH. GAMMA Investing LLC boosted its position in Invitation Home by 23.0% during the 1st quarter. GAMMA Investing LLC now owns 4,996 shares of the company's stock valued at $174,000 after purchasing an additional 934 shares during the period. SG Americas Securities LLC boosted its position in Invitation Home by 68.9% during the 1st quarter. SG Americas Securities LLC now owns 22,369 shares of the company's stock valued at $780,000 after purchasing an additional 9,125 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Invitation Home by 9.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after purchasing an additional 1,268 shares during the period. Blue Trust Inc. boosted its position in Invitation Home by 104.3% during the 1st quarter. Blue Trust Inc. now owns 4,130 shares of the company's stock valued at $144,000 after purchasing an additional 2,108 shares during the period. Finally, Kentucky Retirement Systems boosted its position in Invitation Home by 6.7% during the 1st quarter. Kentucky Retirement Systems now owns 41,776 shares of the company's stock valued at $1,456,000 after purchasing an additional 2,626 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Home Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.